# Securities Transactions Exempt From Transaction Fees
> **US Securities and Exchange Commission** · Final Rule. · Published 1996-12-30 · Effective 1996-12-30 · 61 FR 68590
## Document
- **Document number:** 96-33056
- **Category:** final-rule
- **Agency:** US Securities and Exchange Commission
- **Federal Register citation:** 61 FR 68590
- **CFR reference:** 17 CFR 240
- **Publication date:** 1996-12-30
- **Effective date:** 1996-12-30
- **Docket:** Release No. 34-38073, IC-22415, File No. S7-32-96
## Abstract

The Securities and Exchange Commission (``SEC'' or ``Commission'') is adopting amendments to Rule 31-1 under the Securities Exchange Act of 1934 and an amendment to Rule 24e-2 under the Investment Company Act of 1940. The purpose of these amendments is to conform Rules 31-1 and 24e-2 to recently enacted legislation. Rule 31-1 is being amended to conform the Rule to legislation which extends transaction fees to transactions in OTC securities (other than bonds, debentures, and other evidences of indebtedness) subject to prompt last-sale reporting.

## Source
- [Federal Register document](https://www.federalregister.gov/documents/1996/12/30/96-33056/securities-transactions-exempt-from-transaction-fees)
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